Finance Minister Nirmala Sitharaman announced that the upcoming GST council meeting will address the rationalisation of tax rates, includin...

The compensation cess was initially brought in for five years to make up the revenue shortfall of states, following the implementation of t...

The GST Council will discuss the future of the compensation cess on luxury and demerit goods collected to repay loans taken by the Indian g...

A final decision is likely to be taken in the next GST council meeting in the first week of August, Finance Minister Nirmala Sitharaman sai...

The compensation to states that is coming to an end in June is one of the major issues before the GST Council. The meeting is likely to tak...

Apart from rate rationalisation, the Council is expected to see a stormy discussion around compensation payout to states with Opposition-ru...

According to a 2021 RBI study of state finances (bit.ly/3NpgRZ5), the average growth rate in collection from subsumed taxes during the thre...

As per the decision of GST Council, back to back loan of Rs.1.59 lakh crore has already been released in lieu of shortfall in release of GS...

The Centre expects to collect over Rs 1.11 lakh crore through cess on luxury, demerit and sin goods which will be given to the states to co...

The balance GST compensation for the period April-May 2020 and for the full period June-November''20 is pending to all states/UTs due to in...

The former finance minister said the states should not borrow as the liability to provide Goods and Services Tax (GST) compensation as well...

Pointing out that the cess collected was non-lapsable, which means it should be carried over to the next financial year, the former chief m...

He asserted that the states need "hard cash" and if they are forced to borrow, the axe will inevitably fall on capital expenditure by the s...

"Congratulations to the finance ministers of Punjab, Chhattisgarh, Kerala, West Bengal, Telangana and Delhi for rejecting the bogus twin op...

The Centre had promised to compensate states if collection growth was under 14% in a year.

One of the options being considered is stepping up anti-evasion measures with a focus on top 30 taxpayers.

In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods. This amount will make up for the compensation...